OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

Cohen and the rest of the GME board need to go ahead and announce they're going to have a secondary offering at 75 (or whatever day's closing price they choose) to wipe away their long term debt. Obvs it would be more complicated and I'd hope they use part of their existing cash, and consolidate stores too. But who says no? Maybe they eliminate some managerial positions but they might have a chance to literally start with a blank slate.
 
southernhospita said:
2645DB67-FBFF-4BFA-8975-207DE87B4E68.png
Saw this on stocktwist 😬😬😬
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Lord, I'm coming home.
 
^ Redditors looking to dump their shares telling folks it was headed to $1k :lol:

"It's not too late"
 
Should out to the guys at wsb :lol: Closed my position of gamestop at 138. Held for a little over a year and expected to hold for next 5+ years. One of the riskier investments turned out to be a quick and easy 200k.

Will be closing my tesla position once it breaks 1k. Earnings might get it there.
 
ecook0808 said:
That’s what you deserve for trading on RH
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It sucks and I will always say it sucks, but I now feel that they've entered a space where they can once again add value being that you can buy Crypto on it, and it feels relatively safe compared to other places being that it has real institutional money behind it, can be linked to other apps, etc etc.

IDK what the cost of trading it there is though.
 
Someone tell me what the next GME is and I will put my gains from this year into it. I am not hip to the people pumping it. Probably because they are clowns. It is not beneath me to get into it if we are going to see idiots do this again.
 
igotthatstock said:
Someone tell me what the next GME is and I will put my gains from this year into it. I am not hip to the people pumping it. Probably because they are clowns. It is not beneath me to get into it if we are going to see idiots do this again.
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Gaming these non-fundamental non-technical herd trades builds bad instincts/judgment over the longterm IMO.

I am totally ignoring all of this. Even if I could trade in and out of things in less than 30 days I would be ignoring all of this.
 
antidope said:
Gaming these non-fundamental non-technical herd trades builds bad instincts/judgment over the longterm IMO.

I am totally ignoring all of this. Even if I could trade in and out of things in less than 30 days I would be ignoring all of this.
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Agreed. Wanting to find the next GME is literally some of the worst perspective you can have. Yeah you can turn 50k into 11 mill. You’re right. But odds are far more lucky you buying garbage with size will BLOW up your account. This kind of action is so unhealthy and toppy. Look for QUALITY companies with long runways for growth and large TAMs with solid top and bottom growth and strong margins. That will change your life forever in a good way. Don’t be an ******* trying to get rich overnight by blind buying garbage. If you see a trade and you have a HARD STOP and a PROCESS take it if you want. But know what your risk and Max pain is. The market is going to humble the **** out of Tiktok, Reddit and Robinhood. The casino always wins against the impatient and ignorant. Don’t gamble, speculate with proper RISK MANAGEMENT.
 
johnnyredstorm said:
Agreed. Wanting to find the next GME is literally some of the worst perspective you can have. Yeah you can turn 50k into 11 mill. You’re right. But odds are far more lucky you buying garbage with size will BLOW up your account. This kind of action is so unhealthy and toppy. Look for QUALITY companies with long runways for growth and large TAMs with solid top and bottom growth and strong margins. That will change your life forever in a good way. Don’t be an ******* trying to get rich overnight by blind buying garbage. If you see a trade and you have a HARD STOP and a PROCESS take it if you want. But know what your risk and Max pain is. The market is going to humble the **** out of Tiktok, Reddit and Robinhood. The casino always wins against the impatient and ignorant. Don’t gamble, speculate with proper RISK MANAGEMENT.
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And I will join in agreement and repeat: looking for the next GME will very most likely lead you to ruin

That said, if you happen to find it let us know so we can get in stupid early 😂
 
Last edited:
“All the sentiment positioning indicators are geared towards the institutional world,” said one investment bank analyst. “How do you gauge sentiment on Tik Tok? How do you gauge sentiment in gifs or memes? I don’t know.”

https://t.co/eczrvAMmtc

This will reverse eventually. We see two 5% pullbacks a year, one 10% on average. I would be willing to bet that a fair amount of these people can't handle that pullback and when it comes the selling pressure they create will be massive.
 
igotthatstock said:
Someone tell me what the next GME is and I will put my gains from this year into it. I am not hip to the people pumping it. Probably because they are clowns. It is not beneath me to get into it if we are going to see idiots do this again.
Click to expand...

Gamestop was part of my "turnaround" portfolio. I went heavyish assuming a proper restructure and "rebrand". Was definitely not expecting wsb to do what they did.

If you can handle the risk then research companies from early 2000s that are no longer/not as relevant today. There should be some names that you are familiar with that are reinventing themselves. I invested much more last year in BlackBerry than in Gamestop and it looks like they are on the radar of wsb :lol:
 
I don’t do turnarounds because they are so hard and not likely, but they’ve worked out well, specifically BBBY and M.

another down day in CURI and I may add more. I’m hoarding my cash though for that 20% correction but who knows.

I jumped back into HEC today after my friends wife was talking to my wife and said she’s miserable because of how covid has ****ed up her husband psychologically. Lot of people are going to need therapy and this”gamble” on TalkSpace is worth the risk for me. Only 50 shares so I can live with it being a loser.
 
antidope said:
“All the sentiment positioning indicators are geared towards the institutional world,” said one investment bank analyst. “How do you gauge sentiment on Tik Tok? How do you gauge sentiment in gifs or memes? I don’t know.”

https://t.co/eczrvAMmtc

This will reverse eventually. We see two 5% pullbacks a year, one 10% on average. I would be willing to bet that a fair amount of these people can't handle that pullback and when it comes the selling pressure they create will be massive.
Click to expand...
Personally, I think this is old heads who are not up on game. The younger crowd (seems) knows what's popping. At my job we hired a 19 y/o who has 100k+ TikTok followers, our CEO didn't think it was a good move, having a kid run our TT channel, but marketing got him to agree. Within months, he turned our page from from a few thousand to over 90k, and over 200k in sales.
 
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